NewsMV
Washington's five-page submission to the European Commission, published through the U.S.
Mission to the EU, asks Brussels to carve American companies and their upstream suppliers out of large portions of the Corporate Sustainability Due Diligence Directive and Corporate Sustainability Reporting Directive.
The filing warns the EU it will take "any actions necessary" if those concerns go unaddressed. The demands The EU already narrowed both directives substantially through its Omnibus I simplification package.
CSDDD now applies directly to non-EU companies only when they generate more than 1.5 billion euros in net turnover inside the EU; the threshold for EU companies sits above 5,000 employees and 1.5 billion euros in net worldwide turnover.
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